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Search Results 0 to 49 of about 105 (some duplicates have been removed)
FOX News
Dec 28, 2012 2:00pm PST
above? we see obama not oftenning cuts at all. looking for spending. >> kimberly: managing the message very well. conciliatory. >> andrea: boehner did -- boehner has taken heat. in his defense he has taken a ton of flak on this. he has given a terrible hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnell knows he can't pass anything, any tax cut for everyone under $1 million. kimberly, that wouldn't even pass the senate. >> juan: allow me to introduce a little sanity to this forum. >> andrea: yes, juan. >> juan: say it's incredit to believe me he would say they're far apart. they're not far apart. boehner wants $1 trillion to new revenue. closing loopholes or deduction or whatever. obama is $1.2 trillion. that is not far apart. in terms of cut, boehner said one for one. $1 trillion in terms of the spending cuts. obama is 1.3 more on boehner -- let me finish. obama has stimulus spending built in. they are not far apart. [ overtalk ] >> eric: boehner can get $1 million and below -- just dance is because -- listen, you can't b
ABC
Dec 28, 2012 5:30pm EST
government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him live for that announcement. >> for more on the fiscal cliff and what
MSNBC
Dec 27, 2012 5:00pm PST
position, $250,000 and below. on spending cuts president obama proposed $1.2 trillion, about equal to what he was asking in revenue. boehner passed draconian spending cuts in the house with no revenue component. on extended unemployment insurance, another check for the president. nada for boehner. on the debt limit president obama proposed a structure similar to what republican leader mitch mcconnell proposed last year. boehner wants to hold the nation's full faith and credit hostage once again to attain even more spending cuts. president obama even threw in an added incentive for republicans, by agreeing to a change in the way social security increases are calculated. no such olive branch was ever extended by republicans. get your cell phones out. i want to know what you think. tonight's question, is john boehner's move to reconvene the house a face-saving political move or a genuine effort to reach a deal? text a for political. text b for genuine effort. to 622639. or go to our blog at.msnbc.com. i'll bring you the results later in the show. joining me now is legendary congressman c
CNBC
Dec 28, 2012 4:00pm EST
. if you put tax increases on the table, you never get spending all obama's done for the last four years is clamor for higher taxes to spend more money. the only time we've ever beat him back on spending at all was during the debt ceiling crisis where republicans said we're not giving any tax increases. we have to have $2.5 billion in spending cuts. then you can have your debt ceiling. they won that fight. in '82 reagan put taxes on the table. spending cuts never happened. '90, bush put tax increases on the table, spending cuts never happened. obama never even put spending cuts on the table. he's putting spending increases on the table for another round of solyndra stimulus spending. he was willing to save money, $1 trillion, but not occupying iraq for the next decade. they kicked him out of the country a little while ago, but he wanted to count that like not continuing the war of 1812 as his budget cut. >> don't you feel though we're at such a fiscal crisis situation that there needs to be compromise on both sides though? there has to be some give to get something done? >> oh, abs
CBS
Dec 28, 2012 4:00am EST
fiscal cliff. in ten days across h board-spends cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. >> they have to have their milk. we might have to cut elsewhere. >> reporter: back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk will with far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem. they don't want chaos. it sounds good, everybody will double or about triple the price but nobody's going to pay for it. >> shoppers couldn't understand why
MSNBC
Dec 28, 2012 9:00am PST
remind everyone where we are at. if you look at spending cuts first, barack obama has basically moved about $325 billion on spending and speaker boehner, according to the last real public offer, has moved about $350 billion. i think it is fair to say had both moved relatively equally. but if you turned to tax increases, obama has already moved from, again the last public real offer $355 billion while boehner's moved only $150 billion. less than half. and then finally, and i want to go to you to unpack this. the stimulus money. this is not to be forgotten. we are in a recession. and many economists say that whatever else you do with long-term entitlement reform which is real, another real thing is growing the economy. obama has moved $250 billion. the number that boehner has moved on that stimulus is zero from the last final comprehensive offer. what do you make of that pacting that we are not mere the 50-yard line anymore? >> we also add that not only has boehner month moved, he can't get his own caucus to vote on the plan he brought forward. we are not only talking about symbol
FOX News
Dec 27, 2012 5:00pm PST
enough on tax increases. 36% say that obama is more to blame for not agreeing to more spending cuts and 15% blame both sides. joining us now from new york, julie riganski, a democratic strategist and here in washington, steven moore, a member of the "wall street journal" editorial board. sesteven, let's start with you. great to hear harry reid on this. the last time i checked the do so called proposal that a he put forth in july didn't really receive any support and only dealt with tax increases. it wasn't a comprehensive deal and didn't involve real spending cuts it was just raise tax and it went no where. for him to blame republicans, come on. >> don't forget, it has been 13 hyundais since hair arery reid even passed a budget out of the united states senate. we don't even know what the united states senators stand for in terms of the budget debate. the same thing on taxes. the house actually passed a lot of people don't know that earlier this year the house passed a bill to extend all of the bush era tax cuts for another year until resolve the issue. the senate again didn't act on
ABC
Dec 28, 2012 4:30am EST
until we reach the fiscal cliff -- president obama is launching a last-ditch effort to avoid tax increases and spending caps set to take effect january. the president is set -- set to meet with house and senate majority leader's for the first time since november. this comes after the partisan bickering with democrats and republicans blaming each other for failing to reach a deal. this morning the nation is remembering retired general norman schwarzkopf, who died thursday of complications from pneumonia. he is known for leading allied forces in the 1991 gulf war walk caption during -- capturing the public imagination. >> norman schwarzkopf a little- known u.s. army general looking to retirement. then saddam hussein invaded kuwait and norman became a household name. he turned into the face of the u.s.-led counterattack called youoperation desert storm. >> let me put it this -- it will take as long as it takes for a iraqis to get out of kuwait and the united nations resolution to be enforced. >> the campaign culminated in a massive ground offensive, routing the iraqis in 100 hours.
ABC
Dec 28, 2012 12:00pm EST
spending cuts. the latest on what we can expect from today's efforts. >> the key players will give it one last shot. president obama and congressional leaders will meet this afternoon at the white house in a last-ditch effort to avoid a self-inflicted fiscal calamity. this is the first meeting between the power plays in six weeks. if they can't work out some kind of agreement automatic tax hikes and spending cuts will go into affected new year's day, which will impact most americans and will put the nation back into recession. >> we are coming up against a hard deadline. >> at today's meeting, president obama will push for a stop gap measure, a small deal that will at least prevent tax increases for those earning $250,000 or less. but even that seems unlikely. >> the american people have a right to be very upset with this congress. >> publicly, both sides have ratcheted up rhetoric, pointing the finger. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> the only reason why democrats have been trying to defect -- deflect a
KRON
Dec 28, 2012 7:00am PST
. >> president obama top congressional leaders will look for common ground to get automatic tax increases and spending cuts from kicking in. >> their only four days to reach an agreement or you as a common goal of the so- called fiscal cliff we are here in washington working all the members of the house of rand representatives are all watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here until the president i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline and as i said this to the conversation we should add months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more year. >> many republicans are made against any tax increases. >> russian president of vladimir putin aside a bill banning americans from adopting russian children. >> the law also blocked dozens of russian children or currently in the adoption process by american families from leaving the country. >> putin says the bill is retaliation for an american la
CBS
Dec 28, 2012 6:30pm EST
-ditch fiscal cliff meeting with president obama. the closed-door meeting was an attempt to avoid the automatic tax hikes and spending cuts set to king at the start of the new year. >> we had a constructive meeting today. senator reid and senator mcconnell are discussing a potential agreement where we could get a bipartisan bill out. >> reporter: at the present time reminded lawmakers thers
CNN
Dec 27, 2012 10:00pm PST
signed by president obama. the idea being to make it so painful not to cut a deal on taxes and spending that they would be forced to cut a deal on taxes and spending. except keeping them honest, they haven't done it. even though they knew the stakes, they knew the deadline, and both sides promised that this time things would be different. >> we need to return to fiscal responsibility. >> how is it that we're going to be able to do that? getting our fiscal house in order. >> the american people have spoken loudly. they want us to get our fiscal house in order. >> fiscal handcuffs on this congress that are sorely needed. >> washington is beginning to get its fiscal house in order. >> so they approve legislation that gave everyone nearly a year and a half to reach a long-term agreement on spending and taxes or face truly punishing consequences if they didn't. you'll remember at the time this was a really big deal. republicans had forced the issue by refusing to raise the debt ceiling without budget cuts. markets went haywire. congresswoman gabby giffords even returned to washington from re
ABC
Dec 28, 2012 5:00am PST
against russian s who violate human rights. >>> president obama will immediate -- meet with leaders from capitol hill hoping to avoid the fiscal cliff. spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out at house speaker bane area out at house speaker bane area caution him ofrm" dictatorship. >> boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> reporter: republicans blame democrats. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his speaker boehner call the house back into town for an
PBS
Dec 27, 2012 4:00pm PST
31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will have 458 hours' notice. i cannot imagine their conscience out there wherever they are around the country and we are trying to get something done. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods and services america producers meaning less money to afraid with the rest of the world. as far as the republicans concerned, there is that we will not give you a blank check. >> mitch mcconnell, the republican leader in the senate, said that he thought there was still time to avert what he called a budg
CSPAN
Dec 28, 2012 7:00am EST
in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. secretary dieter even said that a few days ago. --secretary tim geithner. it could delay the tax filings. the government relies on august revenue to
FOX News
Dec 28, 2012 1:00pm PST
mr. obama to suggest i've cut a trillion in spending because he saved money on the wars in afghanistan is gimmicks. they a work. >> i have to be honest, it's both sides. it strikes me these lawmakers on either side don't have a real fix to what we're looking at, the national debt, screaming out of control. we're going to exceed that limit on monday night. >> i wouldn't disagree but look at the facts. we did have a republican controlled congress that passed a bill. if reid didn't like the bill, let it go for debate. let his senate vote it down and say no, we're not going to accept these conditions. >> let me ask you this, then. interesting question. president obama gets his own deal, sends it over to the republicans, they have the same dilemma. >> well, they may. but i think you would at least see a fair dee beat. look, i think the average american realizes we have to cut spending. you know the numbers. >> craig, i have to ask you -- i have to stop you. i don't think they do. we ran a package yesterday, we sent the producer out on the street, showed people how much more they
CBS
Dec 28, 2012 12:00pm EST
on the looming fiscal cliff. the deadline for across the board tax increases and deep spending cuts is just four days away. president obama is scheduled to meet with congressional leaders at the white house this afternoon. senate majority leader harry reid says the likelihood of reaching a deal is a long shot. but senator charles schumer told the "today" show that the odds are better than people think. if a deal were to pass, senate house speaker john boehner would have to agree to take it to the floor of the republican controlled house. danielle nottingham has more. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last- minute agreement to avoid automatic spending cuts and tax increases due to kick in on january 1st. >> probably the worst case scenario will come out of this maybe today and -- meeting today and that
NBC
Dec 27, 2012 11:00pm EST
fix on general one, tax hikes and spending cuts will kick in. president obama will meet and search for some type of compromise. leaders continue to play the blame game and point figures. >> i cannot imagine their consciences. we are here trying to get something done. republicans are not about to write a blank check just because we find ourselves at the edge of the cliff,. >> i highly unusual sunday evening session. a man is in a, tonight after he -- found beaten in the hous in a house. he suffered from head trauma. he had gone to give estimates on contract work when he went missing. >> they robbed him. they were wrong for what they did. i hear about stuff like this on the news but i would never know it would come to my family during the holiday season. >> the search continues for a suspect. ever since the massacre, he gun control debate has been raving. it had us curious about gun sales in maryland. >> the rifle adam lanza used was legally owned and registered to his mother. police say he shot her florida -- four times in the head before going to the elementary school and killing 2
FOX Business
Dec 28, 2012 4:00pm EST
big question is, president obama's increased spending a lot over the past four years. how will he get the revenue from that? is raising tax rates on the so-called rich enough to do it? no, it's not. it doesn't bring in enough money. one the ways he might do it is to squeeze the energy companies a little more. coming up, ceo of southern company, one of the most important guys in the universe will join us right here to say if he expects the big squeeze from the white house. >> i'm david asman with your fox business brief and here east one crisis averted anyway. unions representing dock workers and shippers reached a agreement delaying a strike that could have cripple the u.s. economy. longshoremen and maritime alliance agreed to postpone for 30 days. >>> this would mark the best year for the auto industry since 2007, but experts say the gains made in december could be overshadowed in january because of concerns about the fiscal cliff. >>> the chinese government announcing stiff new rules and requiring users to provide real names to service providers. the move place as greater burden
FOX News
Dec 27, 2012 8:00pm PST
authority and duty to go in there and tax and spend and create that budget. also we beat up obama and rightly so for the lack of transparency in the obama care debate and we are having four people negotiate the budget. put it back into paul ryan's hands and let's lead. >> i heard paul ryan's name mentioned. of course, his office, don't look at us. we support boehner. but look, if there was some revolt, if this thing is real and people will start mentioning ryan and it builds and builds and builds, i mean would he be somebody who said no to that? >> i think he would say no very quick. he might have other plans perhapses in 2016 and running for speaker, win, lose or draw would be bad for all those plans. i consider are this rahmer to be a three beer rumor which is after about the third beer people like we should replace boehner and that sounds like a good idea and repeat that enough and then it becomes a rumor. look, the staff i talked to on the hill, even the members i talked to and even the members against boehner on plan b there is no true conversation to replace john boehner as spea
FOX News
Dec 27, 2012 6:00pm PST
only pay for 8 1/2 days of government spending. now president obama has not been a leader on this. he's not been serious. he's been acting weak and, of course, clinging to his radical ideology. enough is enough. maybe it's time to have the republicans call the president's bluff. let him take the country over the fiscal cliff if he so chews. republicans were elected to get the fiscal house in order. maybe it's time to stand up for your kids, your grandchildren. maybe they should dig in their heels and say they are looking out for the future and future generations. maybe now is is a time to take a principle stand and say they are not going to let washington continue with the out of control spending, the debts and deficit. maybe now at this moment maybe that's the right thing to do. joining me now with reaction to the developing steer are congressman loui gomert and -- go ahead. >> i can totally with him that he cannot imagine our consciouses in the house because you would have to have one to imagine ours, and he's shown repeatedly over three years of no budget? come on. the guy has
CBS
Dec 28, 2012 6:00am PST
: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-a
FOX
Dec 28, 2012 5:00am EST
highhstakes meeting will be held in washington this closer to the fiscal liff. president obama and top congressiinal leaderr will look for commonngroond to keep autooatic tax innreases and spending cuts from kicking in. ed payne has theestory. 3 in what is seen as a last-minnte attempt to reach a deal, president obama mmets t the white house with senate majority leader harry reid,, pelosi, senate minority leader miich mcconnell and houue &psppaker john bbehner. they have only our days to reach an agreement... or the u-s economy will go over thee so-called "fiscal cllff." that's when automattc tax increasse and ssendinngcuts would take effect. reaching a deal beeooe then on't be easy. becauseeright now, both high-stakes political blame game. we are here in washingtonnworking while the members of the house of reeresentatives are out watching movies and watching the kids play soccerrand bbsketball and doing all kinds oo things. they should be here. i told the prreident i'd beehappy to look at whateeer he proposes but the truth is we're coming up against a hardd &pthis is a conversation we
FOX Business
Dec 28, 2012 5:00pm EST
president obama deliver as statement here at the white house. as far as spending cuts are concerned, you see this argument, you typically hear republicans say, government spending doesn't create jobs. however when it comes to a number of defense cuts when it hits in their districts a number of them, if it hits companies in their districts well you have to stop defense cuts using an economic argument. when you talk about the $94 billion, well, yes there are economic effects that will be felt, the $94 billion in cuts down as sequester, you have to put that in perspective the sandy supplemental bill started out $60 billion. one storm could wipe out all the savings or. adam: that sandy supplemental bill is 60 billion, 45 billion according to taxpayers for common sense is stimulus spending that doesn't involve the hurricane. dan, i will come back to you after we listen to sound bite from harry reid, senate majority leader commenting on the negotiations today. here is what he said. >> okay. we had a long meeting in the white house. it was very constructive. we hope that it will be bear fruit b
CBS
Dec 28, 2012 4:00am PST
. >>> and president obama meets with congressional leaders this afternoon at the white house to try to cut a deal to avoid the so-called fiscal cliff. in just four days across-the-board spending cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk would be far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old f
CSPAN
Dec 28, 2012 6:00am EST
obama got there. the pocket of integration, he is comfortable there. he would spend every day going to the south side which was 99% african-american, mostly poor, a vast sprawling rich area, ridge in terms of personnel, which he really felt that home for the first time in his life. he was embraced by a group of older black women who sort of took him under their wing and loved him and created a sense for him that he never felt before. but was incredibly frustrating. community organizing, you keep banging your head against the wall. during that period, he became a community organizer largely out of his mother's sensibility. she had done organizing of a different sort, trying to help poor women, partisans survive in the male-dominated culture. beliefs were transferred to him. that is why he did it but he also thought his mother was naive in terms of power realities of the world. in those three years on the south side, he started to see what power meant, how you get it and how to exert power and that took him into politics. that is why my book ends there because he has learned everythin
CNN
Dec 28, 2012 1:00am PST
boehner and president obama each made important concessions. the president on entitlement spending. speaker boehner on upper income tax rates. speaker boehner, though, could not get conservative republicans to go along and seemed at a loss for what to do next. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle on the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama, meantime, seemed to lose patience. no sign he's eager to go off the cliff, but he's also not ready, either, to concede more to get, in his words, what he'll get for free when the bush tax cuts expire tuesday morning. democratic lawmakers, though, are more willing to let that and everything else happen and both sides are still pointing fingers. take a look at senate minority leader mitch mcconnell and majority leader harry reid just this afternoon. >> you'll excuse me if i'm a little frustrated at the sit
NBC
Dec 28, 2012 11:00am EST
, major averages the dow is down about 67 points. the nasdaq down 9. president obama has called top congressional leaders to a 3:00 p.m. meeting at the white house but lile indication of even a short term plan to avoid major tax hikes and spending cuts from automatically kicking in on january 1st. markets are worried about what happens to the economy early next year. business leaders also want president obama to keep the nation's sports operating if doc workers walk off the jobs on sunday. a strike by 14,000 longshoremen could cripple the flow of goods throughout ports in newark and port elizabeth up in the new jersey area and more than a dozen other u.s. ports. right now, the federally-mediated contract talks appear at a stalemate and no comments from the white house on if the president will use his authority to impose a cooling-off period. meanwhile, we got more good news on housing. pending home sales rose last month to their highest level in 2 1/2 years. according to the national association of realtors and pending home sales are up, 9.8% in the last 12 months. keith, back over
CBS
Dec 28, 2012 5:00pm EST
-ditch fiscal k cliff meeting with president obama. the closed door meeting was an attempt to avoid the automatic tax headaches and spending cuts set to king at the start of the new year. with just three days to go republicans and democrats are still blaming each other. >> i want to thank all of you for being here to call upon the republicans not to drop the ball on the middle class. >> reporter: there was a new year's eve style rally saying the fiscal cliff ball is in the republicans court. >> it's republicans who are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. >> we need two words. presidential leadership, while not just taxing rich people. >> reporter: tennessee republicans lamar alexander and bob corker said the president has to take the lead. corker was not optimistic about the white house meeting. >> we're going end one a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> reporter: today's meeting at the white house is the first time since mid-november that at the pr
FOX Business
Dec 28, 2012 9:20am EST
happened. nothing. >> can't say nothing has happened and obama has accomplished this. [talking over each other] stuart: we are more deeply in debt. >> look at his level of spending. stuart: look at $1 trillion deficit every year the last four years. >> the budget control act koch $1.5 trillion in spending. stuart: don't you get it? >> over ten year period. [talking over each other] stuart: i insist on this. president obama's plan cuts the deficit, it does not. it restrict future increases in the deficit. it is in the $24 trillion debt in 2015 will only be $20 trillion. [talking over each other] stuart: address the question. [talking over each other] >> let me answer you. we have a fundamental disagreement whether in a situation like this when the economy is of whether the government needs to cut spending. i do not believe it does. you believe it does. we have a fundamental difference how to proceed forward. stuart: what we need more than anything else is to stimulate the private sector and you don't do that with more spending and we need to control long-term entitlement spending. we have
KICU
Dec 27, 2012 11:30pm PST
mine. i will miss him. >>> bush is spending the night in the hospital. the 41st president has been in the hospital for more than a month with bronchitis. >>> president obama summoned congressional leaders to come to the white house tomorrow in a last ditch effort to try to avoid the so called fiscal cliff. the president arrived in washington today cutting short his hawaii vacation. he called congressional leaders last night and today house speaker john boehner said the house will convene on sunday leaving less than 48 hours to come up with a deal. >> it's the count down to midnight. the start of a new year. but this year president, the american people are waiting for the ball to drop but it's not going a good drop. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> off the senate floor, mitch mcconnell appears to be more flexible. the senator sent an e-mail suggesting he's negotiating an acceptable deal with the white house. >>> stocks rebounded today on news that the house would reco
CBS
Dec 28, 2012 6:00am EST
when the big tax increases and spending cuts are scheduled to kick in. the fiscal cliff of course. president obama and congress got back to work yesterday trying to find a deal to avid the cliff. there were signs of hope and signs of discouragement as both sides agreed to talk but again, both sides blaming each other for the stalemate. the president will host a summit at the white house today. tara mergener is on capitol hill with more. >> reporter: the fiscal cliff is still a few days away. but business owner don says he's already feeling the impact. >> a lot of our customers are holding back. they're apprehensive. they are not committing to projects. they're not -- you know they're waiting to see that's going to happen with the fiscal cliff. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner,
FOX News
Dec 28, 2012 2:00am PST
whatsoever in the determination to repeal this terrible law. >> they challenge the law meaning obama care will be a hot button issue in 2013. as 2012 winds down it resembles 2011 with republicans locked in another show down over taxes and spending with the average family caught in the middle. in washington craig boswell fox news. >>> 18 minutes after the top of the hour. will you feel safer in 2013. the top five threats we need to watch out for in the new year. >> the top spot you don't want to have it is the worst movie of the year. we will tell you which one it was. hopefully you didn't see it. >> welcome back. it is 21 after the top of the hour. here are quick headlines for you. an f-16 fighter jet similar to this one crashed during a training mission in california. the luckily the pilot was able to eject before the jet crashed in owens valley 100 miles east of fresno. he is said to be okay. no one rauz hurt. the cause is unkerr investigation. >> sandy hook elementary students have been off of school since the tragic. in the meap time the commu -- m the community is helping them t
PBS
Dec 27, 2012 6:00pm PST
francisco bay. >> brown: again, the major developments of the day: president obama and the senate returned to work, with five days left until the fiscal cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with dolphins and played guinea pig to lots of experiments. watch some of the best outtakes of miles' science stories on the rundown. and we round up the most important lessons we've learned about helping kids stay in school from our series, american graduate. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "newshour" for tonight. i'm margaret warner. >> brown: and i'm jeffrey brown. we'll see you online and ag
CSPAN
Dec 28, 2012 9:00am EST
spending reform. and the other viewer says obama and the other i had yots until the white house are doing what they do best, talk. guest: right after the election we heard them say the election is behind us, we can put down our swords and get down to doing the country's business. that evaporated within days and now we are back to where we were in the summer of 2011 where everyone is back in their corners blaming the other side and not making progress at all. businesses are refrenching and families are holding back on spending and it's going to have an impact on the economy. host: why is compromise so difficult in this environment? guest: the way that the pry mir system has worked has canched out the middle a little. also we're dealing with the situation where with a 24 hour news cycle they get blow back more quickly on ideas and talks so they are both afraid of the outer wings of their party and at this point it seems compromise is something that is hard to reach. >> dow is down although not a huge amount. >> right guest: right host: meeting with the president and c.e.o.'s are frust
NBC
Dec 28, 2012 5:00pm EST
on everyone, automatic spending cuts, and no deal reported. the two parties are talking again at least. steve has the latest from capitol hill. >> sources are capitol hill say president obama in today's talks feels he has the advantage back and that he will press on his original demand that income taxes rise on earnings over $250,000. it's a positive sign, the first meeting since mid november the four congressional leaders at the white house. called by president obama, house speaker john boehner is a key figure. >> the fact that he has come back to me says that they cannot come up with some kind of agreement. -- that they can come up with an agreement. >> both sides want to avoid middle-class tax cuts. the hang up is the tax hikes on the rich. those making over $250,000 in the obama reposal or $400,000, a level that mitch mcconnell reportedly said he might be able to sel? republicans won the debate shifted. >> the talk about taxes, but what it should be about is what we want to talk about today -- the medicare fiscal cliff. >> no date to cut a day to reform entitlements by tuesda
LINKTV
Dec 28, 2012 3:00pm PST
spending cuts and tax increases will take effect if no agreement is reached. obama and the rest of republicans remain of the impasse over the republican refusal to allow tax hikes even for the wealthiest americans. senate majority leader on thursday accused house speaker john boehner of holding up a deal. >> the american people i don't think understand the house representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> adding to the urgency surrounding the talks, treasury secretary timothy geithner warned this week the u.s. will not be able to pay its creditors after monday unless the debt ceiling is raised. we will have more on the fiscal cliff talks, speaking with congressmember dennis kucinich after the headlines. environmental protection agency head lisa jackson has announced a resignation ahead of president obama's second term. jackson departs after a four- year tenure that saw advances in the regulation of environmentally harpo
CNBC
Dec 28, 2012 1:00pm EST
have the debt ceiling, we're going to have the issues within the obama care, dodd frank, nlrb issues that are coming up affecting the market. we have to deal with the reality. it's about spending. it's about the debt and when the president's proposal, original proposal would produce, what, about $80 billion next year? that would just cover the incremental increase in interest costs on our debt. we're avoiding the truth. we're avoiding the reality and that's why a lot of us are very cranky about some of the let's do a patch work, let's push it off into the future because we're going to crash and burn under our own debt. >> if you're cranky, think about how the american public feels right now, congressman. they are very cranky that you folks have not been able to make any seeming head way, either on the spending side, which i agree with you is the truly important one that we have to address. >> exactly. >> or on the tax side. but nobody seems to have moved this ball very far forward unless i and everybody else is missing a heck of a lot. on the spending side, what precise specific spen
CNN
Dec 27, 2012 9:00pm PST
of obama? >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president, you know? i mean, citizens united is a horrible thing that people can spend and waste this amount of money on elections? think of all the -- you know, the people that could benefit from that money, you know? >> there have been two elections since i've been in america, there have been two elections where one party has had far more financial firepower than the other. one was here in california with meg whitman, one was nationally, but romney clearly had more money than obama. for most of that campaign. in both cases, the one with the most money lost. >> isn't that great? >> what does that tell you? >> people are getting smarter. i don't like all this amount of money spent on this election. there should be a give -- campaign finance reform is very important. i hope somebody does something about it. you should have a given amount. equal amount. equal air time and that's it. you know? that idea of corporations being people, no, no. this is a country of, by an
ABC
Dec 28, 2012 6:30am EST
president obama and a number of congressional leaders. if no agreement is reached, there will be across the board tax increase and deep spending cuts. members of the u.s. house are returning to dc on sunday for  an emergency vote. the senate they came back yesterday. the house could be in session until january 2nd the day before the new congress is sworn in. >>> 6:47. we have been swamped with the news of the fiscal cliff but locally your property values could climb over a different sort of cliff. half a million maryland home own verse not filled out an application -- homeowners have not filled out a application for a tax credit and may miss out on free money a law requires home owners to fill out a one time application to update the data base and cut down on fraud. you can only get that credit for the main home not a rental or second home. >> i've been a home owner for over 30 years so i want my money. >> everybody has gotten 2 manycations mailed to their prepes address. >> if you -- prepes address. >> so -- premise address. >> so if you forget you will lose out on the next ye
FOX News
Dec 27, 2012 9:00pm PST
power to negotiate with president obama and pretty much went home and they are still at home. it's unbelievable. three quarters of the american people think compromise. and compromise includes spending cuts and tax hikes. >> can i get a word in, guys? >> brent, the republicans passed a bill. the republicans pass it had. senate democrats haven't passed a bill in 1300 days. you have to be kidding me. >> it's much easier for the democrats to sit and file their nails and say those awful republicans. look at those awful republicans go. the democrats haven't done anything. now what is the opposition to this super tax on the greedy rich? well, the republicans have argued for 20, 30, 40, 50 years that high taxes stifle economic growth. president obama said two years ago when he didn't do this two years ago, he said the wrong thing to do in a bad economy is to raise taxes. now suddenly both sides are considering doing exactly that. you've got three different studies of that shown that if you raise these taxes, you are going to kill somewhere between $700,000 and -- 700,000 and 1.1 million j
MSNBC
Dec 28, 2012 6:00am PST
. romney's campaign argued after a long and expensive primary, they had to choose how to spend at the time, limited funds, and they had to claim it was better than defenses of his personal record. in the end, obama beat romney by ten points. on the economic values question that was this, which candidate is more in touch with people like you. 53% said romney's polauolicies d favor the rich. just 10% said that about the president's policies. and romney, the first republican nominee in the history of our poll to go into a convention with his personal rating under water and campaign with a painful number, just 47% of voters viewing him positively. the obama campaign was also able to get more bang for the buck because they bought ads early and they were careful about where to buy the ads. in the last week, they paid $5 fif 50 for a single ad in raleigh. the romney campaign had to pay $2,665 for the same ad. >> lesson two, the republican brand needs a hard look. the gop's favorable rating has been under water for two years, since december 2010. if you take that out, it's been nearly five years.
MSNBC
Dec 28, 2012 1:00am PST
, dropped his spending cuts by 330 billion, and has never offered significant stimulus or a major concession on the debt ceiling. so in every category since obama won the election he has moved further toward boehner than boehner toward him. yet it's boehner who walked away from the talks with his plan b, who failed to pass it and said it's the senate's problem now. democrats won more votes at presidential level, senate level and house level. boehner is speaker today because of the way the districts are drawn. but his arguments did not win. and yet he's not really moved. i don't think you can look at the last three years and sate white house has not tried to come together with republicans. i also don't think you can look at the last three years and say the republicans have tried to come together with the white house. and so here is what is supposed to happen. the american people who overwhelmingly say they want compromise, who say they want a plan similar to what the house is offering, a plan that raises taxes on the rich and cuts spending, they're supposed to punish the republican
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